Richard L Zorek
.........06.29.07............
Kansas City offcials have recommended that the city manager move forward with a proposed rental housing program. The full council will debate the measure. It will require the city to license and monitor rental properties. Stephen Summers, a real estate investor said "I feel betrayed by the city of Kansas City. We're not buying any more properties in Kansas City. We're getting squeezed to death, regulated to death. Councilwoman Cathy Jolly said that residents are "tired of living next to blight, of living next to trash...." The end result of this will be, like Stephens, investors will stop buying homes and buildings to rent. And rents will have to go up to cover the expense the city is going to place on current landlords. Council people like Jolly don't care. They don't have to rent.
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